Small Caps
Conviviality sells wholesale arm to C&C, talks continue over retail chains
Collapsed drinks business Conviviality sold its wholesale business to Magners cider maker C&C Group on Wednesday, having earlier appointed administrators and confirmed talks were ongoing with "a number" of parties interested buying its retail chains.
Director dealings: Taptica boss ups stake to 9.5m ordinary shares
Hagai Tal, chief executive officer of mobile ad specialist Taptica International, purchased 47,500 ordinary shares in the firm on Wednesday, with a price tag of 300p attached to each and every one of them.
Mytrah Energy chairman makes bid to take group private
Ravi Kailas, chairman of Indian wind power firm Myrtah Energy (MEL), is making a push to take the AIM-quoted group private with a cash bid of 45p per share.
Concurrent's profits on the rise despite downturn in revenue
AIM-quoted processor-based solutions group Concurrent Technologies saw pre-tax profits increase 2. 3% to £3m last year, despite a small decline in turnover to £16. 2m from the £16. 4m it posted twelve months earlier.
Intercede wins $4m US government order, sees FY revenue up 10%
AIM-listed software and service company, Intercede, said on Wednesday that full-year revenue is expected to be up 10% on the previous year, as it announced the receipt of a US Federal Government order totalling $4m.
Shearwater acquires British data loss protection firm
Digital resilience group Shearwater has acquired UK-based data loss protection firm GeoLang, its third such acquisition since the launch of its new digital resilience strategy.
Collagen Solutions warns on profits after contract delays
Due to a delay in contractual discussions with a new customer, Collagen Solutions warned investors on Wednesday that it had seen a material impact to revenues and would now be unable to meet its current revenue expectations.
Hydrodec CEO Ellis quits amid management shake-up
Hydrodec’s chief executive, Chris Ellis, has left because a family member is ill in a move that coincides with a wider management shake-up at the company.
InfraStrata raises £0.9m via placing and subscription
Gas storage company InfraStrata has conditionally raised £925,000 through a placing and subscription offer, with the proceeds of the placing to be used to enable funding of its Front End Engineering Design (FEED) project.
David Wood replaces Newton-Jones as Mothercare CEO
Retailer Mothercare, which announced mid-March that it had been given a little breathing space by its lenders, has appointed David Wood as its new chief executive officer with immediate effect, as Mark Newton-Jones steps down.
OnTheMarket reports doubling of website visits since IPO
OnTheMarket said it more than doubled the number of visits to its website in the first full month after its initial public offering.
Topps Tiles in the red as quarterly LFL sales drop
Tile specialist Topps Tiles was under the cosh on Wednesday as it posted a jump in first-half sales but a drop in quarterly like-for-like sales.
Tullow, United Oil launch seismic programme at Jamaican asset
Tullow Oil and exploration and development company United Oil and Gas have begun seismic acquisition programme at their Walton Morant asset in Jamaica.